Board Meeting21 May 2026, 03:14 pm
Hariom Pipe to Issue Warrants, Alter AOA; EGM on June 16
AI Summary
Hariom Pipe Industries Ltd's board approved the issuance of warrants convertible into equity shares to promoters on a preferential basis, alteration of the Articles of Association (AOA), and conversion of debt into equity in case of default, all subject to member approval. Up to 15,00,000 warrants will be issued at ₹343 each, aggregating to ₹51.45 Cr. An Extra-Ordinary General Meeting (EGM) is scheduled for June 16, 2026, to approve these proposals. The board meeting concluded on May 21, 2026.
Key Highlights
- Hariom Pipe to issue warrants convertible into equity shares to promoters.
- Up to 15,00,000 warrants at ₹343 each, totaling ₹51.45 Cr.
- EGM scheduled for June 16, 2026, to approve warrant issue and AOA alteration.
- Board approved alteration of Articles of Association (AOA).
- Debt conversion into equity upon default also approved, subject to member nod.
Price Impact
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